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Question - On September 1, 2020, Cot Inc. received an order for equipment from a Russian customer for 200,000 rubles when the U.S. dollar equivalent was $130,000. Cot shipped the equipment on October 1, 2020, and billed the customer for 200,000 rubles when the U.S. dollar equivalent was $140,000. Cot received the customer's remittance in full on November 16, 2020, and sold the 200,000 rubles for $160,000. In Cot's 2020 income statement, what amount should Cot report as a foreign exchange gain?
Suppose Green has been using the straight-line method and switches to the sum-of-the-years'-digits method. Ignoring income taxes, what journal entry(s) should Green record relating to the machine for 2011?
Assume that on June 1 the board of directors declared a cash dividend of $0.23 per share on the outstanding shares. Calculate the total amount of the dividend.
Ponti Co. makes and sells a single product. The current selling price is $45 per unit. Calculate the operating income for August
Make the necessary adjusting entry in general journal form under each of the following assumptions. Show calculations for the amount of each adjustment.
How is HRIS a strategic tool for the HR Function?What are some especially useful metrics that could be included on an HR dashboard and why?
Other than the construction funds borrowed, the only other debt outstanding during the year was a $150,000, 10-year, 7% note payable dated January 1, YEar 1. How much interest should be capitalized by Starlight during Year 3?
Management oversight on internal. Provide examples of failed authorization and successful authorization of internal controls and the financial capital outcomes.
Rivera returned P300 of the merchandise to Dimatulac and later paid the amount due within the discount period. The amount paid is
FIN/571 Purpose of Assignment: The purpose of this assignment is to help students gain a better understanding of the financial statements used for corporate.
hit company provides the following cost information related to its production of its primary product per unit variable
Padre Company purchases inventory for $70,000 on Mar 19, 20X8, by what amount should Sonny write down inventory in its books
stein mart company inc is considering a special order for 1000 units to be priced at 8.90 the normal price would be
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